FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM

Rhea-AI Summary

Ferrari N.V. (NYSE/EXM: RACE) has reported its latest share buyback activities under the €150 million program announced on December 5, 2024. This represents the sixth tranche of their multi-year €2 billion buyback program scheduled through 2026.

From January 13-17, 2025, Ferrari purchased 30,503 common shares on the Euronext Milan (EXM) at an average price of €411.76, totaling €12,559,977.30. Since the sixth tranche began, the company has invested:

• €68,269,266.60 for 163,363 shares on EXM
• $10,969,297.64 (€10,469,630.39) for 25,020 shares on NYSE

As of January 17, 2025, Ferrari held 14,956,791 treasury shares, representing 5.82% of total issued share capital. Since the multi-year program's inception on July 1, 2022, Ferrari has purchased 4,134,027 shares across EXM and NYSE, with a total investment of €1,251,475,353.04.

Maranello (Italy), January 20, 2025 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 150 million share buyback program announced on December 5, 2024, as the sixth tranche of the multi-year share buyback program of approximately Euro 2 billion expected to be executed by 2026 in line with the disclosure made during the 2022 Capital Markets Day (the “Sixth Tranche”), the additional common shares - reported in aggregate form, on a daily basis - on the Euronext Milan (EXM) as follows:

Trading Date (dd/mm/yyyy)	Stock Exchange	Number of common shares purchased	Average price per share excluding fees (€)	Consideration excluding fees (€)
13/01/2025	EXM	14,686	407.3791	5,982,769.00
14/01/2025	EXM	4,190	411.0585	1,722,335.00
15/01/2025	EXM	4,726	410.3966	1,939,534.10
16/01/2025	EXM	3,506	420.9476	1,475,842.20
17/01/2025	EXM	3,395	424.0050	1,439,497.00
Total	-	30,503	411.7620	12,559,977.30

(*) translated at the European Central Bank EUR/USD exchange reference rate as of the date of each purchase
        
Since the announcement of such Sixth Tranche till January 17, 2025, the total invested consideration has been:

• Euro 68,269,266.60 for No. 163,363 common shares purchased on the EXM
• USD 10,969,297.64 (Euro 10,469,630.39*) for No. 25,020 common shares purchased on the NYSE.

As of January 17, 2025, the Company held in treasury No. 14,956,791 common shares equal to 5.82% of the total issued share capital including the common shares and the special voting shares, net of shares assigned under the Company’s equity incentive plan.

Since the start of the multi-year share buyback program of approximately Euro 2 billion announced during the 2022 Capital Markets Day, on July 1, 2022, until January 17, 2025, the Company has purchased a total of 4,134,027 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 1,251,475,353.04.

A comprehensive overview of the transactions carried out under the buyback program, as well as the details of the above transactions, are available on Ferrari’s corporate website under the Buyback Programs section (https://www.ferrari.com/en-EN/corporate/buyback-programs).

For further information:
Media Relations
tel.: +39 0536 949337
Email: media@ferrari.com

Attachment

• FNV BB PR 20 January 2025 ENG

FAQ

How many shares did Ferrari (RACE) buy back between January 13-17, 2025?

Ferrari purchased 30,503 common shares on the Euronext Milan (EXM) at an average price of €411.76 per share, totaling €12,559,977.30.

What is the total value of Ferrari's (RACE) current share buyback program announced in December 2024?

The current share buyback program (sixth tranche) announced on December 5, 2024, is valued at €150 million, part of a larger €2 billion multi-year program.

How many treasury shares does Ferrari (RACE) hold as of January 17, 2025?

As of January 17, 2025, Ferrari held 14,956,791 treasury shares, representing 5.82% of the total issued share capital.

How much has Ferrari (RACE) spent on share buybacks since July 2022?

Since July 1, 2022, Ferrari has invested €1,251,475,353.04 to purchase 4,134,027 common shares on EXM and NYSE.

What is the timeline for Ferrari's (RACE) €2 billion buyback program?

The €2 billion multi-year share buyback program was announced during the 2022 Capital Markets Day and is expected to be executed by 2026.